- Up To 75% LTV
- Same Day Decisions
Rates from 0.55%
- Retained, Serviced or Rolled-Up Interest
- £26k-£100m
- Terms 1-36 months
What is a Bridging loan?
Bridging loans are a short term way to borrow money and are used to ‘bridge the gap’ if you need to buy one property before selling another. Unlike mortgages, bridging loans are designed with speed of delivery in mind. Bridging loans are short-term finance deals with repayment times from 1 to 36 months. These loans are secured against land, residential or commercial property.
What Can I Use a Bridging Loan for?
There are many reasons why bridging finance might be used as a short-term funding solution. Bridging Loan uses include the quick purchase of unmortgageable commercial and residential properties that require light refurbishment or planning permission for change of use, or the purchase of a property at auction requiring swift access to funds.
The purchase of land that has potential to be developed and require planning permission before longer-term finance or development finance can be approved.
Bridging finance can be used to support business cash-flow, business expansion, pay tax liabilities or creditor payments.
You can also use bridging finance to refinance a current bridging lender if you have been unable to exit their facility before the end of the term.
We’re experts in complex finance situations
- Self-employment
- Adverse credit
- Poor credit history
- Low income
Over 20 years financial industry experience
With over 20 years experience in financial services, our team of advisers have a wealth of knowledge and can advise on the best (and most cost effective) bridging product for your short term needs.
Our success hinges on trust, and we’re proud to have numerous clients who not only return but also recommend Pyxis Capital. We prioritise transparency from the get-go, providing you with an Initial Disclosure Document that outlines any potential fees. Our Heads of Terms and Recommendation Letters are clear and include comprehensive information on all fees and pricing.
Call us on 01257 543072 and one of our advisors will be happy to help.
Fast, Expert Advice
Bespoke Products
Simple Products
Types of bridging loan
The option of taking out a bridging is often explored when individuals are experiencing difficulties with the purchase of property and a quick completion is required. Since they were first introduced, bridging loans with benefits for different circumstances are now available.
Regulated Bridging Loans
A regulated bridging loan is a type of short-term, property-backed loan secured against the borrower’s primary residence. Typically used to cover the financial gap between selling an existing property and acquiring a new one, these loans provide a swift solution for those seeking immediate funds to secure their ideal home.
For more information, contact us today and we’ll provide you with a customised breakdown of your Bridging Loan, detailing the specific interest rate applied, total cost, monthly payments (if applicable), borrowed amount, and any potential early repayment charges.
Key Features of Regulated Bridging Loans
Fast Funding: Receive funds in 15 to 30 days, subject to Ts&Cs.
Free Legal Services: Loans with a single security often come with complimentary legal assistance.
No Early Repayment Fees: Flexibility in settling the loan ahead of schedule.
Practical Applications of Regulated Bridging Loans
Purchasing a new home before selling the current property.
Acquiring a property at auction, necessitating quicker financing than traditional mortgages, with the option to later refinance on a standard mortgage.
Understanding the Term ‘Regulated’ and Its Impact
When we refer to a regulated bridging loan, it means that the loan falls under the oversight of the Financial Conduct Authority (FCA). The FCA serves as a regulator for financial services, working to safeguard consumers, uphold industry integrity, and foster healthy competition in the consumer’s interest.
The regulatory framework ensures a higher level of protection against unfair lending practices. It’s important to note that these regulations specifically apply to personal borrowers and do not extend to investors or business borrowers.
These regulations are applicable to properties intended for residential use, whether presently occupied or previously lived in by the applicant or a close relative. For a more detailed understanding, feel free to get in touch with us.
Non-regulated bridging loans
A non-regulated bridging loan could help you bridge the payment gap when investing in property. It’s a form of short-term financing, acting as a stop-gap while you secure a long-term funding solution.
At Pyxis Capital, we can help you arrange commercial and residential bridging loans to help you complete your property purchase.
What is a non-regulated bridging loan?
Although different types of bridging loans are available, non-regulated bridging loans are exclusively used to purchase property as an investment.
- Regulated bridging loans suit homeowners who live in the property and want to raise money against it.
- Non-regulated bridging loans are favoured by investors looking to purchase commercial assets or refinance their property portfolios.
As the name suggests, a non-regulated loan is not covered by the Financial Conduct Authority (FCA). However, this type of bridging loan can offer more flexibility for experienced investors.
Bridging Loan Calculator
Find out what a Bridging loan will look like for you and your situation.
Simply select the amount you want to borrow, the relevant interest rate and the amount of time you would like the bridging loan to last. Find out in seconds exactly how a bridging loan looks for you.
If you are unsure how to proceed, or wish to take the next steps, call us and we’ll take care of the rest. Our experts are on hand to guide you through the process and find a solution that suits you.
Practical Applications of Regulated Bridging Loans
The Team at Pyxis Capital have extensive knowledge of bridging finance and take time to understand a client’s needs and requirements. You will have a single point of contact from start to finish and will also be provided with direct contact details for one of our Company Directors. Most importantly you won’t be left with finding an Exit Strategy from your bridging finance facility. As this is something that will be researched on day one and if possible, agreed in principle with a long-term lender. Having strong relationships with leading UK lenders, including specialist lenders, family offices, and private investors, allows us to secure the bridging loan you need:
When time is of the essence, we are confident in our ability to swiftly arrange your bridging loan. Obtain your no-obligation quote today for the best possible solution.
